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The Wealth Bubble Popped in Q1. An Epic Stock Market Crash Will Follow

The wealth bubble popped in Q1 and it’s likely to bring on a stock market crash as the economic pain continues. There’s virtually no evidence that a V-shaped recovery is on the horizon, suggesting the decline in economic activity will continue. Markets are full of unfounded optimism right now despite troubling sell signals. Household wealth…

We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs

The latest Federal Reserve consumer credit report released on Tuesday. It shows record levels of outstanding credit in February: $4.2 trillion. With unemployment rocketing, another financial crisis is around the corner. Total outstanding U.S. consumer credit stood at nearly $4.2 trillion in February. According to the latest consumer credit report from the Federal Reserve, seasonally…